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Strategic Retail Location in Vallejo, CA 765 Sereno Dr 28,124 SF Retail Building Vallejo, CA 94589 $8,330,341 CAD ($296.20 CAD/SF) 6.10% Cap Rate
Investment Highlights
- Absolute NNN lease structure with no landlord obligations, offering passive income.
- Scheduled 10% rent increases every five years to hedge inflation and boost asset value.
- Positioned within a dense retail trade area featuring Walmart, Safeway, Lowe’s, and Costco.
- Corporate guarantee from Tawa Supermarket, Inc., a $5 billion revenue grocery operator.
- Located near Interstate 80 and State Route 37, ensuring convenient access throughout the Bay Area.
- Serves an essential retail category with strong, e-commerce resistant consumer demand.
Executive Summary
This fully leased single-tenant retail property at 765 Sereno Drive presents a secure investment anchored by 168 Market, a grocery concept under Tawa Supermarket, Inc.—operator of the 99 Ranch Market banner. The asset benefits from an Absolute NNN lease structure, eliminating landlord responsibilities and providing truly passive income. Current base rent of $360,000 includes scheduled 10% escalations every five years, creating a stable and predictable growth trajectory.
The tenant's corporate guarantor, Tawa Supermarket, Inc., operates over 65 locations nationwide and generates approximately $5 billion in annual revenue, reflecting significant financial stability. Positioned on a 2.57-acre parcel with strong frontage along Sereno Drive in Vallejo, the property enjoys strong consumer traffic and excellent regional connectivity. Vallejo’s location in the northeast Bay Area, proximal to Interstate 80 and State Route 37, offers easy access to San Francisco, Oakland, and Sacramento, appealing to both local and regional customers.
This offering provides a compelling opportunity to acquire an internet-resistant, essential-use grocery tenant with zero owner obligations and long-term income security.
The tenant's corporate guarantor, Tawa Supermarket, Inc., operates over 65 locations nationwide and generates approximately $5 billion in annual revenue, reflecting significant financial stability. Positioned on a 2.57-acre parcel with strong frontage along Sereno Drive in Vallejo, the property enjoys strong consumer traffic and excellent regional connectivity. Vallejo’s location in the northeast Bay Area, proximal to Interstate 80 and State Route 37, offers easy access to San Francisco, Oakland, and Sacramento, appealing to both local and regional customers.
This offering provides a compelling opportunity to acquire an internet-resistant, essential-use grocery tenant with zero owner obligations and long-term income security.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
28,124 SF
Building Class
C
Year Built
1977
Price
$8,330,341 CAD
Price Per SF
$296.20 CAD
Cap Rate
6.10%
NOI
$508,151 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
2.57 AC
Opportunity Zone
Yes
Parking
80 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
235’ on Sereno Dr
Amenities
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0052-180-090 | Improvements Assessment | $2,115,724 CAD |
| Land Assessment | $371,643 CAD | Total Assessment | $2,487,367 CAD |
Property Taxes
Parcel Number
0052-180-090
Land Assessment
$371,643 CAD
Improvements Assessment
$2,115,724 CAD
Total Assessment
$2,487,367 CAD
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Strategic Retail Location in Vallejo, CA | 765 Sereno Dr
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